Auction Information

SANGAMON COUNTY, IL LAND AUCTION - COCKCROFT

Virtual Online, Chatham, IL

07/02/2025, 10:00 AM

Online Bidding Site

SANGAMON COUNTY, IL LAND AUCTION - COCKCROFT

LOCATION

Sangamon County, Illinois

The real estate is located 1 mile west of Chatham, IL city limits, or 5 miles south of Springfield, IL, or 6 miles north of Auburn, IL. The farm is further described as being located in Section 11, T14N-R6W, Chatham Township, Sangamon County, Illinois.

SELLER

Martha Esther Cockcroft

Holly Raa-Oehau

MANAGED BY

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

GENERAL INFORMATION

120 taxable acres 1 tract

This 120-acre tract near Chatham, IL offers a prime opportunity for farmers and investors, combining well-maintained farmland with potential for development due to its proximity to local amenities. Its size and condition make it suitable for agricultural use or various development projects, promising a versatile investment opportunity.

TRACT INFORMATION

120 taxable acres

FSA records indicate 120.78 NHEL cropland acres

Productivity Inde...

Productivity Index (PI): 138.5 (Class A)

Soil types include Virden, Ipava and Hartsburg

The balance of the acres is grass waterways

Access along the south side from West Walnut St./ East Loami Rd. and the west side from Broaddus Rd.

METHOD & TERMS

The farm will be sold on a price per acre basis, based on taxable acres.

Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment, which will be held in escrow until closing. The balance of the purchase price will be due at closing, which will take place on or before August 4, 2025. No Buyer's Premium.

The seller will provide title insurance in the full amount of the purchase price and has paid all of the 2024 taxes. The seller will credit the buyer half of the 2025 taxes via a credit at closing. The buyer will be responsible for the 2025 taxes due and payable in 2026. The buyer will receive half of the 2025 cash rent via a credit at closing contact the auction manager for details. Possession at closing, subject to an existing cash rent lease for the 2025 crop year only. Open lease for the 2026 crop year.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal, or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements, and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc., are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers pertaining to this property. Real estate is being sold AS IS.

REAL ESTATE TAX INFORMATION

PIN 28-11-0-00-100-002 - 120 A - $5,046.44 (2024)

Representing Attorney:

Bernard G. Segatto III | Barber, Segatto, Hoffee, Wilke & Cate LLP

831 E Monroe St, Springfield, IL 62701 | (217) 544-4868

Auction Managers:

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

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